It is the first time that any of the Pattern coins have come up for auction.
Commenting on the record price, a spokesperson for the auction house, AH Baldwin and Sons said: "No other bronze coin has ever come close."
"I think the last was in the region of £15,000," he said.
The coin was bought by a private collector. It is not known whether it will be kept in the UK, or taken abroad.
A further seven pennies, known as currency coins, were produced in 1933 for ceremonial purposes, but none has recently come up for sale.
It is thought the currency coins could be worth twice as much as the Pattern versions.
The reason so few were produced was that the Royal Mint had a surplus of penny coins in 1932, and did not need any more in the following year.
Most of the 1933 pennies are in private hands, although one of the Pattern versions is in the Royal Mint's museum. Others, it is thought, have been buried under buildings as part of a "time capsule".
The British decimal one penny (1p) coin is a unit of currency and denomination of sterling coinage worth 1⁄100 of one pound. Its obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised, until her death on 8 September 2022.
https://en.wikipedia.org › wiki › Penny_(British_decimal_coin)
- one of only four in existence - has sold for a world record price of £72,000 at a London auction. The coin sold is known as a "Pattern" version, as it was presented as a prototype, but never went in to production. It is the first time that any of the Pattern coins have come up for auction.
The 1933 Lincoln penny is desirable not only due to its age and historical significance, but also due to the scarce number remaining. Being that the coin was minted so long ago, there will only ever be fewer available. This is why collectors will do anything they can to get their hands on these coins.
Arguably the most valuable one penny coin is the 1933 George V penny, which is worth an estimated value of £72,000. Although this was originally created as a pattern coin – which means it is not intended for release into circulation – it is believed seven were issued, making them extraordinarily rare.
Consequently three 1933 pennies were struck for buildings erected in that year, along with a small number to be kept as record copies by the British Museum and the Royal Mint Museum. No record was kept at the time of how many pennies dated 1933 were made but it is thought to be no more than six or seven.
1. 1856 Flying Eagle Cent. The 1856 Flying Eagle Cent is one of the most rare and valuable pennies and is well worth seeking out. Only an estimated 1000 were struck by the US Mint as an unauthorized pattern coin in 1856, though the exact amount is unknown.
One way is to check for errors from the minting process. Coins with mistakes, such as a double die or missing letters, can be worth significantly more than their regular counterparts. Another way is to look for specific years known to be scarce or have low mintage numbers.
Mint, they could lead to an item ballooning in value by a factor of 2 million or more. That's what happened to several pennies produced in 1982, which pushed their value up from 1 cent to nearly $20,000.
It was struck to proof quality, to put on record the date '1936', satisfying the needs of the mint rather than the wants of collectors. Coins of Record out of this era are amazingly scarce. Up until its offering in 2002 only three other proof pennies dated 1936 had been sighted.
There's a rare 1983 copper penny (a 1983-D penny) worth $15,000 -- you could find one in your pocket change! Here's what to look for + Other rare copper pennies.
The U.S. made about 7.7 billion pennies in 1983, but only about 5,000 of them are known to have been made with this doubling error, James McCartney, director of numismatics at Stack's Bowers Galleries, tells CNBC Make It. The rarity of these misprinted pennies are what make them more valuable than ordinary pennies.
In the realm of numismatics, the 1982 Penny has become a subject of fascination and speculation. Rumors of its potential worth, reaching an astonishing $35,000, have sparked interest among collectors and enthusiasts.
In 1933 the Royal Mint decided to temporarily cease the production of pennies. This was due to a surplus of the coin already in circulation. Millions of Victorian and Edwardian pennies still changed hands in the 1930s.
A coin with a large and uniquely placed, or multiple struck through errors can be worth good money. A 2017-P Lincoln penny graded MS60 with a struck-through error on the obverse was auctioned in 2018 for $210.
In 1943, the United States Mint switched from using copper to using steel for their pennies. The change was due to a shortage of copper during World War II. However, a small number of 1943 copper pennies were made by mistake — as a result, the 1943 copper penny is now one of the most valuable pennies in circulation.
This was clearly due to an increased demand for copper during WWII. Due to rusting issues, the minting of these steel coins was terminated almost as soon as it began. The reason why a 1944 zinc-coated steel penny carries such high value is that the US Mint produced no more than twenty to forty of such pennies.
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